Norges Bank Invests $29.01 Million in H World Group Limited (NASDAQ:HTHT)

Norges Bank bought a new stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 878,126 shares of the company's stock, valued at approximately $29,005,000. Norges Bank owned about 0.28% of H World Group at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in H World Group by 13.5% during the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after purchasing an additional 650 shares during the period. Rhumbline Advisers lifted its stake in H World Group by 2.3% in the fourth quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock valued at $1,146,000 after buying an additional 791 shares during the last quarter. US Bancorp DE boosted its holdings in shares of H World Group by 21.2% during the fourth quarter. US Bancorp DE now owns 4,839 shares of the company's stock valued at $160,000 after acquiring an additional 845 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of H World Group by 11.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company's stock worth $290,000 after acquiring an additional 936 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of H World Group in the 4th quarter worth about $33,000. 46.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HTHT has been the subject of several recent analyst reports. Hsbc Global Res cut shares of H World Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Morgan Stanley reissued an "overweight" rating on shares of H World Group in a report on Monday, March 31st. Finally, HSBC cut H World Group from a "buy" rating to a "hold" rating and set a $32.40 target price on the stock. in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.68.

H World Group Price Performance

Shares of NASDAQ HTHT traded up $0.58 during mid-day trading on Friday, reaching $32.40. 4,894,618 shares of the company traded hands, compared to its average volume of 1,951,423. The firm has a market cap of $10.15 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.28 and a beta of 0.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.98. The stock has a fifty day simple moving average of $35.63 and a 200-day simple moving average of $35.23.

H World Group Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a $0.95 dividend. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from H World Group's previous -- dividend of $0.34. H World Group's payout ratio is currently 141.79%.

H World Group Company Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.